Aditxt Correlations

ADTX Stock

USD 10.03 2.53 33.73%

The current 90-days correlation between Aditxt Inc and Unicycive Therapeutics is 0.14 (i.e., Average diversification). The correlation of Aditxt is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Aditxt Correlation With Market

Good diversification

The correlation between Aditxt Inc and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aditxt Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aditxt Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Aditxt Stock

0.69	ME	23Andme Holding	Pair Corr
0.85	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.87	VERA	Vera Therapeutics	Pair Corr
0.72	DSGN	Design Therapeutics Potential Growth	Pair Corr
0.81	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.94	VKTX	Viking Therapeutics	Pair Corr
0.74	VRCA	Verrica Pharmaceuticals	Pair Corr
0.65	VRDN	Viridian Therapeutics	Pair Corr
0.69	VRPX	Virpax Pharmaceuticals	Pair Corr
0.85	VTRS	Viatris	Pair Corr
0.86	VTYX	Ventyx Biosciences	Pair Corr

Moving against Aditxt Stock

0.75	VALN	Valneva SE ADR	Pair Corr
0.54	DMAC	DiaMedica Therapeutics	Pair Corr
0.51	DVAX	Dynavax Technologies	Pair Corr
0.5	VIGL	Vigil Neuroscience	Pair Corr
0.38	EQ	Equillium	Pair Corr
0.36	VERV	Verve Therapeutics	Pair Corr
0.89	VRNA	Verona Pharma PLC	Pair Corr
0.62	VSTM	Verastem	Pair Corr
0.59	SRZNW	Surrozen Warrant	Pair Corr
0.53	EDSA	Edesa Biotech	Pair Corr
0.47	VRTX	Vertex Pharmaceuticals	Pair Corr
0.38	VTVT	vTv Therapeutics	Pair Corr

Related Correlations Analysis

	NRBO	DRMA	UNCY	REVB	PALI	PSTV	QNRX	ALLR	KRBP	VRAX
NRBO		0.19	0.72	0.49	0.71	0.19	0.77	0.2	0.0	0.31	NRBO
DRMA	0.19		0.51	0.6	0.33	0.3	0.35	0.17	0.0	0.47	DRMA
UNCY	0.72	0.51		0.78	0.76	0.27	0.88	0.09	0.0	0.49	UNCY
REVB	0.49	0.6	0.78		0.79	0.31	0.83	0.1	0.0	0.79	REVB
PALI	0.71	0.33	0.76	0.79		0.37	0.83	0.35	0.0	0.67	PALI
PSTV	0.19	0.3	0.27	0.31	0.37		0.25	0.41	0.0	0.32	PSTV
QNRX	0.77	0.35	0.88	0.83	0.83	0.25		0.07	0.0	0.56	QNRX
ALLR	0.2	0.17	0.09	0.1	0.35	0.41	0.07		0.0	0.26	ALLR
KRBP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KRBP
VRAX	0.31	0.47	0.49	0.79	0.67	0.32	0.56	0.26	0.0		VRAX
	NRBO	DRMA	UNCY	REVB	PALI	PSTV	QNRX	ALLR	KRBP	VRAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QNRX	+ 0.88	UNCY
QNRX	+ 0.83	REVB
QNRX	+ 0.83	PALI
PALI	+ 0.79	REVB
VRAX	+ 0.79	REVB
REVB	+ 0.78	UNCY

High negative correlations

VRAX	- 0.0	KRBP
KRBP	- 0.0	ALLR
KRBP	- 0.0	QNRX
KRBP	- 0.0	PSTV
KRBP	- 0.0	PALI
KRBP	- 0.0	REVB

Risk-Adjusted Indicators

There is a big difference between Aditxt Stock performing well and Aditxt Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aditxt's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NRBO	3.99	(0.40)	0.00	(0.57)	0.00	0.00	8.05	(7.34)	25.83
DRMA	3.93	(0.03)	0.00	(0.19)	0.00	0.00	10.00	(6.67)	31.54
UNCY	3.77	(0.26)	0.00	(0.35)	0.00	0.00	7.58	(7.50)	28.72
REVB	5.66	(1.04)	0.00	(2.95)	0.00	0.00	11.78	(12.73)	66.25
PALI	5.70	(0.40)	0.00	(1.66)	0.00	0.00	12.73	(11.84)	93.57
PSTV	11.42	1.97	0.15	(2.13)	11.96	(17.54)	10.10	(19.11)	349.45
QNRX	5.58	(1.08)	0.00	1.91	0.00	0.00	14.29	(10.53)	57.78
ALLR	5.36	0.01	0.00	(0.07)	0.00	0.00	13.24	(11.82)	47.01
KRBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRAX	6.25	(0.29)	0.00	0.12	0.00	0.00	16.67	(11.98)	59.66

Aditxt Corporate Management

CPA CPA	President	Profile
Thomas CPA	Chief Officer	Profile
Matthew Shatzkes	Chief Counsel	Profile
MS MD	Senior Discovery	Profile
Dr D	Senior Transplantation	Profile
Amro Albanna	Chairman CoFounder	Profile

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